Jerry Samet
05-07-2012, 10:55 PM
The market started off lower today based on the results of the elections in Europe. The market then recovered most of it's losses to finish near the highs of the day. All the major averages closed slightly higher except the Dow. Volume was lower across the board, continuing the pattern of weak rebounds after a higher volume sell off. Leading stocks underperformed the overall market with the leaders index declining .24% on lower and below average volume. The index also closed back below it's 17dma. and tagged the 50dma. RAX reported after the close and was selling off pretty hard. The market still appears to be weak and the correction continues. Jerry